SEI Inv Q1 2024 GAAP EPS $0.99 Beats $0.97 Estimate, Sales $511.579M Beat $510.406M Estimate
Portfolio Pulse from Benzinga Newsdesk
SEI Investments (NASDAQ:SEIC) reported Q1 2024 earnings of $0.99 per share, surpassing the consensus estimate of $0.97. Quarterly sales reached $511.579 million, exceeding estimates of $510.406 million and marking a 9.05% increase from the previous year.
April 24, 2024 | 8:04 pm
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SEI Investments reported higher than expected Q1 2024 earnings and sales, with a significant year-over-year revenue growth.
Beating both earnings and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The reported year-over-year sales growth further underscores the company's strong performance and operational efficiency, enhancing investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100